KLK 2Q net profit declines to RM117.07mil

KUALA LUMPUR: Kuala Lumpur Kepong Bhd's (KLK) net profit for the second quarter of 2024 (2Q FY2024) ended March 31, 2024, fell 38.6 per cent to RM117.07 million from RM190.81 million recorded in the same period a year ago due to a decline in revenue.

Revenue slipped 9.8 per cent to RM5.46 billion from RM6.05 billion previously, following weaker performance in its manufacturing, property, and investment holding segments, the group said in a filing with Bursa Malaysia.